The Seller Ledger Blog
Tackling challenges in bookkeeping for eCommerce sellers
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Etsy 1099-K doesn’t match!
“While reviewing our tax and sales information in the Etsy dashboard, I noticed a significant discrepancy between Etsy’s reported numbers and Seller Ledger’s figures regarding total sales and income.” Thus began a recent email exchange with a customer. And because we take accuracy rather seriously here at Seller Ledger, we dug right in immediately. Fortunately,…
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6 Tips to simplify Shopify taxes
Tax time is here (in the United States, anyway) and for Shopify businesses in particular, that means a lot of potential complexity. And now that the 1099-K threshold is being lowered to $5,000 per platform, now is a great time to consider ways to simplify Shopify taxes You can avoid a lot of hassle by…
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3 Hacks to maximize mileage deductions
In an effort to make sure you write off all legitimate business deductions for your eCommerce business, we though it would be helpful to go a bit deeper on the IRS rules around “Business use of your car” so that you cab maximize mileage deductions. Mileage deductions are a simple way to reduce your tax…